Weak coal prices prompt Anglo Pacific to reduce 2015 dividend

January 29, 2016

Dual-listed Anglo Pacific Group announced on Thursday that it would reduce its 2015 dividend to 3p, from the previous level of 4p per half year. This brings the total dividend for the year ended December 31, 2015 to 7p a share for the year, though the company had intended to pay 8 p.The company noted that its revised dividend reflected lower income expectation owing to an estimated decline in coking and thermal coal prices during 2015 of between 15% and 25%. …

Weak coal prices prompt Anglo Pacific to reduce 2015 dividend

January 29, 2016

Dual-listed Anglo Pacific Group announced on Thursday that it would reduce its 2015 dividend to 3p, from the previous level of 4p per half year. This brings the total dividend for the year ended December 31, 2015 to 7p a share for the year, though the company had intended to pay 8 p.The company noted that its revised dividend reflected lower income expectation owing to an estimated decline in coking and thermal coal prices during 2015 of between 15% and 25%. …